Global Bioinformatics Market Projected to Reach USD 17.5 Billion by 2024

New York, USA, 2018-Aug-28 — /EPR Network/ —The advancement in data mining techniques in the field of biologics, in order to analyze biological data sets and solve the biological problems, are anticipated to be the major driving factor for the growth of global bioinformatics market. According to Goldstein Research, global bioinformatics market size is expected to reach USD 17.5 billion by 2024, growing at a robust compounded annual growth rate of 20.5% during the forecast period 2016-2024.

Global bioinformatics market segmentation has been carried out on the basis of product type, sector, application and geography. Based on product type, the molecular medicine segment accounted for 30.0% of global bioinformatics market share in 2016.

Further, Global bioinformatics industry is estimated to be dominated by North America with a market size of USD 5.89 billion in 2016, followed by Europe bioinformatics market share. Also, the two regions Middle East & Africa and Latin America are showing growth prospects of the bioinformatics market on the back of growing genomics market, leading to the development of bioinformatics platform in the region.

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Market Segmentation

On the basis of our in-depth analysis, Global Bioinformatics Market can be segmented as follows:

By Product Type

  • Platform
  • Product & Services
  • Molecular Medicine
  • Preventive Medicine
  • Sequence analysis
  • Sequence alignment
  • Sequence manipulation
  • Structural analysis
  • Sequencing services
  • Database and management
  • Data Analysis
  • Tools

By Sector

  • Medical Bioinformatics
  • Animal Bioinformatics
  • Agricultural Bioinformatics
  • Academics
  • Other (Microbial Genome)

By Application

  • Chemoinformatics and Drug Design
  • Genomics
  • Proteomics
  • Transcriptomics
  • Metabolomics
  • Agriculture
  • Environment
  • Forensic Sciences

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Bioinformatics Market Outlook 2024” contains the detailed overview of the global bioinformatics market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, sector and application.

Further, for the in-depth analysis, Global Bioinformatics Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

This market analysis report also includes competitive outlook of some of the major players profiling of companies such asIlluminaInc, Waters Corporation, Agilent Technologies, Inc, Thermo Fisher Scientific Inc., Sencel bioinformatics, S.A.F.A.N. Bioinformatics SAS, Bio via, Regeneron Pharmaceuticals, Biomax Informatics AG, Qiagenn.v., Inc, Geneva Bioinformatics SA, Norway bioinformatics SLU,etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global bioinformatics market trends along with the market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Bioinformatics Report

  • What is the Global Bioinformatics Market Size by 2024 and what would be the expected growth rate of the market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the bioinformatics market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to bioinformatics market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry-level players?
  • What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working in healthcare market reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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